Turmeric prices fell further by 1.06 per cent to Rs 6,710 per quintal in futures trade today as speculators reduced exposure, driven by adequate stocks position on increased arrivals from producing regions at spot market against subdued demand.
At the National Commodity and Derivatives Exchange, turmeric for delivery in May contracts fell by Rs 72, or 1.06 per cent, to Rs 6,710 per quintal with an open interest of 12,430 lots.
Similarly, the spice for delivery in June contracts declined by Rs 60, or 0.87 per cent, to Rs 6,804 per quintal in 4,235 lots.
Market analysts said offloading of positions by traders, triggered by sufficient stocks position on increased supplies from producing belts in the physical market against muted demand weighed on turmeric futures.
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